Target Gives HUGE WARNING: 'Customers Are Out Of Money'

Target lowered its profit forecast for the year, citing a concerning trend: consumers are spending less. The retail giant known for its bullseye logo and aisles overflowing with everything from groceries to apparel, sent a tremor through the retail industry with its recent earnings report. The biggest retailers in the country has revealed the challenging economic situation that millions of American households are currently facing. It's not just a problem specific to Target but a warning sign for the wider U.S. economy. Today, we will examine the issues facing the retail business and its effects on consumers and the economy.

[stevemelton]

Government and corporations are not our friends

[MarkBush-encz]

Don't buy "wants". Only buy "needs". This should be a lifetime lifestyle for economic success.

[Sheshe]

I'm not out of money; I just don't spend unnecessarily. Therefore, there will be no struggle in my household.

[brucel.]

It's not because consumer spending shrinkage. It's because everything double in price, salary stagnant, all the layoff that's going on and all the political sanction issues to cripple the economy worldwide.

[hermanrogers]

Hey I got plenty of money but I am not going to spend it on junk I don’t need or want in this screwed up economy. So I will keep saving and waiting and I am happy to be debt free

[Staaaarrrrrrrrrr]

Corps are having record profits, because they laid off employees. And raised their prices too much too quickly. And jobs are ghost jobs, lots of underemployed ppl and unemployment in reality.
Interest rates are still high.
Even affluent people are refusing to spend their disposable income now because they now need that money for other things.
Everything has become expensive while corps are getting greedy and not paying increasing wages to employees.
Shrinkflation is high and rising.
Pay up, greedy corps. Or see us vote with our money 😂😂😂😂😂😂😂😂

[stevemelton]

If people are stealing out of control, what does that say about the consumer

[michaellalanae]

Target=an overpriced Walmart with the same exact products for people that like to pay just a little bit more for the same crap. Good old plastic . It's gets more expensive every year .

[geraldfordman]

None of this surprises me. Cash strapped customers was indicated by the lack of cash being spent on purchases. Not only did I witness widespread theft, I noticed that hardly anyone used cash. Instead, they paid with plastic cards. What happened? Did all the credit cards get Maxed out? Hmmm.

What happens when they continually raise the minimum wage? You name it. Employees have to find 2nd & 3rd jobs because their hours are drastically cut.

Before the lunch rush, I was talking to the Manager at the local sandwhich shop chain. She was complaining about sloppy work and unreliabilty of her employees. None of them care about the quality of their work. 'I need workers who take initiative and who I can rely on', she said.

What's more, higher income taxes cause workers to be less motivated. Oh, you want me to work overtime? Well, the last time I did that I saw more and more deductions from my paycheck. I too felt the same way.

[Brittanicus-yv]

"Poverty is not caused by a lack of initiative or bad luck. It is caused by a lack of money." - Barbara Ehrenreich.

[SteveSmith-kdif]

"NO", PEOPLE DON'T SHOP AT TARGET BECAUSE THE PRICES ARE TOO HIGH, "WALMART IS WAY

[MA-ishh]

Stop using credit to buy things and find out how much money you really have ??

Humble your self's and the one true God will bless you 🙏

[erikcal]

I can't go to any store right now all my money goes to bills😢 can't even afford a girlfriend from Columbia.

[phoenix]

I may be wrong but I don’t see retailers making a lot of money this holiday season.

[karenfreeman]

20 percent of Americans are now on benefits, and with climate change disaster people are stripped of everything. We need economic support on every level FEMA they say is broke. Social security needs to come thru with global warming disaster funs $2, 000.00 a month. For two years.

Layoff's, corporate closings, less production a total economic cycle of wealth occurs, credit card, stock market. We need to print money use Black Rock foreclosure property. Resale cars - cars float away!

[dannypowers]

A lot of people are in heavy debt. Sadly lowering the prime interest rate only encourages more debt. To discourage consumers from going further in debt the interst rate should stay the same or go even higher. The ultra rich want a consumer spending regardless if it's cash or debt. Just spend. 😢

[trisopie]

When you realize it there’s nothing really even good in the store. I can walk in a target and there’s literally NOTHING. It’s all mediocre useless goods we’ve been programmed to buy. I walk in and pity the npcs shopping for the most useless overpriced garbage. There’ll come a time where the chips are 7$ and nobody’s buying them

[falconinflight]

Absolutely correct insight presentation.

[stevemelton]

What does this say about the state of the consumer

[newmobile]

I have money I just don't buy crap I don't need or want